Vakrangee Softwares - Outcome Of Board Meeting

Vakrangee Softwares Ltd has informed that the Board of Directors of the Company at its meeting held on March 13, 2008, inter alia, has approved the allotment of22,50,000 Equity Shares of Rs 10/- each at a premium of Rs 231/- per share on conversion of 22,50,000 warrants of Rs 241/- each in the ratio of one fully paid equity share for every warrant held. With the allotment of 22,50,000 Equity Shares, the paid up capital of the Company has been increased from the existing capital of Rs 19,14,61,650/- (Nineteen Crore Fourteen Lakh Sixty one Thousand Six Hundred and Fifty only) to Rs 21,39,61,650/- (Twenty One Crore Thirty Nine Lakh Sixty One Thousand Six Hundred and Fifty only)

The allottes are as mentioned below:

- Name of Allottees : Dinesh Nandwana

No. of warrants allotted and applied for conversion: 10,00,000

No. of equity shares allotted after conversion : 10,00,000

- Name of Allottees : M/s. Seahorse Mercantile Company Pvt. Ltd

No. of warrants allotted and applied for conversion: 7,50,000

No. of equity shares allotted after conversion : 7,50,000

- Name of Allottees : Mindtree Exports Pvt Ltd

No. of warrants allotted and applied for conversion: 3,00,000

No. of equity shares allotted after conversion : 3,00,000

- Name of Allottees : Okean Engineer Pvt Ltd

No. of warrants allotted and applied for conversion: 2,00,000

No. of equity shares allotted after conversion : 2,00,000.